BNP Paribas Arbitrage SA Sells 14,764 Shares of Cincinnati Financial Corp. (CINF)
BNP Paribas Arbitrage SA lowered its stake in Cincinnati Financial Corp. (NASDAQ:CINF) by 17.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,666 shares of the company’s stock after selling 14,764 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cincinnati Financial Corp. were worth $5,254,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of CINF. Evercore Wealth Management LLC increased its stake in Cincinnati Financial Corp. by 201.8% in the second quarter. Evercore Wealth Management LLC now owns 1,687 shares of the company’s stock valued at $126,000 after buying an additional 1,128 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Cincinnati Financial Corp. during the second quarter valued at about $447,000. Kentucky Retirement Systems bought a new stake in Cincinnati Financial Corp. during the second quarter valued at about $942,000. KAMES CAPITAL plc increased its stake in Cincinnati Financial Corp. by 29.9% in the second quarter. KAMES CAPITAL plc now owns 43,231 shares of the company’s stock valued at $3,237,000 after buying an additional 9,953 shares in the last quarter. Finally, Mason Street Advisors LLC bought a new stake in Cincinnati Financial Corp. during the second quarter valued at about $1,492,000. Hedge funds and other institutional investors own 60.91% of the company’s stock.
Shares of Cincinnati Financial Corp. (NASDAQ:CINF) traded up 1.03% during midday trading on Friday, hitting $76.68. The company had a trading volume of 392,191 shares. Cincinnati Financial Corp. has a 1-year low of $53.64 and a 1-year high of $78.09. The stock has a 50 day moving average price of $72.68 and a 200 day moving average price of $73.25. The firm has a market capitalization of $12.63 billion, a P/E ratio of 19.71 and a beta of 0.82.
Cincinnati Financial Corp. (NASDAQ:CINF) last posted its earnings results on Tuesday, October 25th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. Cincinnati Financial Corp. had a net margin of 11.98% and a return on equity of 8.34%. The business earned $1.40 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. On average, equities analysts anticipate that Cincinnati Financial Corp. will post $3.20 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Wednesday, December 21st will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Monday, December 19th. Cincinnati Financial Corp.’s dividend payout ratio (DPR) is presently 49.36%.
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Separately, Zacks Investment Research upgraded Cincinnati Financial Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, November 8th.
In related news, Director David P. Osborn bought 500 shares of the business’s stock in a transaction on Friday, November 4th. The stock was acquired at an average price of $68.44 per share, with a total value of $34,220.00. Following the transaction, the director now owns 19,845 shares in the company, valued at approximately $1,358,191.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 9.22% of the stock is currently owned by company insiders.
Cincinnati Financial Corp. Company Profile
Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in over 40 states. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance and Investments.
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